JBHT - Why J.B. Hunt Transport Shares Are Trading Higher Premarket Friday | Benzinga
J.B. Hunt Transport Services Inc (NASDAQ:JBHT) shares are trading higher after the company disclosed fourth quarter FY23 results and a dividend hike on Thursday after market close.
Revenue fell 9% Y/Y to $3.30 billion, beating the consensus of $3.28 billion. Operating revenue, excluding fuel surcharge revenue, decreased 6% Y/Y owing to a decline of 12% in Integrated Capacity Solutions (ICS) volume and 7% in Truckload (JBT) volume.
This was also impacted by a decrease of 10% and 13% in revenue per load excluding fuel surcharge revenue ...